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Risk attitudes and Medicare Part D enrollment decisions

Author

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  • Vetter, Stefan
  • Heiss, Florian
  • McFadden, Daniel
  • Winter, Joachim

Abstract

In this study we investigate if risk attitudes explain non-enrollment into Medicare Part D. We find that respondents who are risk-tolerant as measured by the willingness-to-pay for a hypothetical insurance were significantly less likely to enroll in Part D.

Suggested Citation

  • Vetter, Stefan & Heiss, Florian & McFadden, Daniel & Winter, Joachim, 2013. "Risk attitudes and Medicare Part D enrollment decisions," Economics Letters, Elsevier, vol. 119(2), pages 128-132.
  • Handle: RePEc:eee:ecolet:v:119:y:2013:i:2:p:128-132
    DOI: 10.1016/j.econlet.2013.01.033
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    References listed on IDEAS

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    Cited by:

    1. repec:oup:ajagec:v:99:y:2017:i:3:p:732-756. is not listed on IDEAS
    2. Decker, Simon & Schmitz, Hendrik, 2016. "Health shocks and risk aversion," Journal of Health Economics, Elsevier, vol. 50(C), pages 156-170.
    3. Xiaodong Du & Hongli Feng & David A. Hennessy, 2017. "Rationality of Choices in Subsidized Crop Insurance Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(3), pages 732-756.
    4. Francesco Decarolis & Maria Polyakova & Stephen P. Ryan, 2015. "Subsidy Design in Privately-Provided Social Insurance: Lessons from Medicare Part D," NBER Working Papers 21298, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Risk aversion; Medicare Part D; Heterogeneous preferences; Insurance demand; Survey design;

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I1 - Health, Education, and Welfare - - Health

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